HomeMy WebLinkAbout2471 ~c,Y ' .
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~ ~°~'lorida Mortga~e
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z ~ ~ 19th aar ~ December s. D.196? . b~ ~ad bstween
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~ M RU-MAR, INC., a Plorida corporation
ot cbe Co~u?cy ot $ t. Luc i e . in ~he 8ate ot Florida. Morttaeor. snd hereinattee w designated. and
PRUDFsNTIAL INSURANCB OOMPANY OF AMERICA
s oornor.4on ot s~ sac~ a New Je r sey h.~?ine i~ ~o~.t omo~ ~ c~ c;cy ot Newa rk ,
as.t~e ot NeM~ Jersey . Mortg.g~ea ~na he~in.tter so aesign.Lea= ~
Where~s Mort~ag~r is jnst~y indebted to Mortgagee in tha prinoip~l sum d ~
SIXTY 1HOUSAND AND NO/100 ----C~60t000.00) Dou~s,
•s evidenoed by s aertain promisrory note ot even date herewit6. the Snal p~yment al whieh is due on Al1gllSt 2$
19 $8. eieouted by Mortga~or
snd delivered tu ~tortgag~ee, ~id note being dnwn on the oustomary form o[ Mortgagee. aame being Form No. Comb. i
6300 12-63 (SL]~d by ~t~oa ~ ~aas : ~c ~c eo we ~ ~~c .s ~o~ sec ouo in
toll herein.
NO~/ THIS INDBl~i'P1JSg ~?ITN1839ETH, thst Mortgagor. b better saouro the payment ot Lhe prinoipal sum set ont
in said pmmiasory note. snd interest thereon, aad in oonaideration thet~eaf, and tor other valuable oonsiderationa, hes granted.
bargained aad sold and by theee preeenta does grant, b~r8+in and sell to Moregagee and to its suooeeao~rs aud assigas forever.
all tbso oertsin p.roel or pieoe d land lying and being in ehe Councy ot St. LuCie ~d 8t+~
more parlionlarty desoribed as ~
Lot 9 less road and canal right of ways, all of lot 10 and 11, and
lot 12 less the west~273 feet thereof; together with easements over
the north 20 feet and south 30 of the east 18b.1 feet of the west 273
feet of lot 12; all in Section 4, Township 36 South, Range 39~East,
St. Lucie County, Plorida.
Including as a part of the realty all permanently installed.irrigation
systems and equipment, including all pumps, motors, engines, pump
houses, tanks, pipes and mains, pipelines, together with a],l ~quipment
• necessary for the use and operation thereof, now or hereafter placed
on the premises, and any replace~?ents.or renewals thereof.
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21. Paragraph (a) (1) of the "Together with'~ clause hereof is hereby modi- :
fied to the extent that the Mortgagor does hereby mortgage, transfer,
set over, assign and pledge unto the Mortgagee all citrus crops now E
and hereafter growing on said premises, hereby giving and gran#i~ng
unto the Mortgagee a first and prior lien thereon, provided, however,
that such lien shall be and is hereby expressly made subject and sub-
ordinate to any crop mortgage securing a loan made by a recognited
Production Credit Association covering any citrus crop which comes into
existence by bloom prior to foreclosure sale or other acquisition of the
premises by the Mortgagee under this Mortgage. Any such crop Mortgage
shall not, however,~be a lien ptior to this Mortgage on any citrus '
crop coming into being by ~loam subsequent to said foreclosure=sale,
or other acquisition of the premises by the Mortgagee.
22. And the said Mortgagor further covenants and agrees for so long as all,
~r any part of the indebtedness secured hereby remains unpaid to pre- •
serve~ ~aintain and care for the citrus groves upon the above described
premises, such care and maintenance to include cultivating, s~raying, ~ r
dusting~ pruning, fertilizing, watering, protection against damage by
frost, and fire, marketing of crops and replanting of trees when needed,
all to be done in a husband-like manner and in accordance with approved
methods of grove culture, and agree not to top-work said groves without
the written consent of the holder of this mortgage, provided further
that upon the failure of-the Mortgagor to fully comply with any or all
provisions of the abo~e covenants, the holder of the indebtedness
secured hereby, in°addition to all its=other rights and remedies for '
breach of covenants in this mortgage contained, and in addition to its ~
right, hereby expressly given, to declare a default upon the breach of i
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(Continued on reverse side hereof)
a~ 169 P~E 2453